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Removal of additional levies on LNG demanded
June 29, 2021
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and All Pakistan CNG Association have urged the government to reverse the decision to impose 17 percent sales tax and five percent customs duty on LNG, as it threatened businesses.
FPCCI President Mian Nasser Hyatt Maggo on Monday said the sales tax on LNG for CNG sector has been increased from five percent to 17 percent, while customs duty of five percent has also been imposed. “Given that CNG is expensive and the survival of this business is in jeopardy. This decision should be reversed immediately,” he asked.
Businessmen reject gas supply suspension
Cite mismanagement, incompetence as prime reasons behind the issue
ISLAMABAD:
A nationwide gas supply suspension is unacceptable as it will take a toll on the masses and industries while compressed natural gas (CNG) will be the most affected sector, said Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Nasir Hayat Maggo on Monday.
Speaking at a press conference, he said that the gas crisis was the outcome of mismanagement as gas supply was being suspended across the country from June 29, which was because of incompetence. “Sales tax on LNG import by the CNG sector has been increased by 12% while 5% customs duty has been imposed, which should be reversed or else this sector will crumble,” he warned.
Pakistan s gas crisis deepens as companies halt supply
ANI
29 Jun 2021, 13:27 GMT+10
Lahore [Pakistan], June 29 (ANI): The gas crisis in Pakistan has deepened after two state-owned companies on Monday announced complete closure of gas supply till July 5 to industries and CNG stations following a decline in gas availability, low pressure in the system and dry docking of an LNG terminal.
According to Dawn, CNG stations in the Sindh province were to open from June 28 after the closure on June 22, but Sui Southern Gas Company Limited (SSGCL) stopped supplies to them till July 5 in view of the lingering shortfall of 160 mmcfd due to the annual turnaround of Kunnar Pasakhi Deep (KPD) gas field.
The gas crisis has deepened across the country as two state-owned companies on Monday announced complete closure of gas supply till July 5 to industries and CNG stations. Reuters/File
KARACHI/LAHORE: The gas crisis has deepened across the country as two state-owned companies on Monday announced complete closure of gas supply till July 5 to industries and CNG stations following a decline in gas availability, low pressure in the system and dry docking of LNG terminal.
CNG stations in Sindh were to open from June 28 after the closure on June 22, but Sui Southern Gas Company Limited (SSGCL) stopped supplies to them till July 5 in view of the lingering shortfall of 160mmcfd due to annual turnaround of Kunnar Pasakhi Deep (KPD) gas field, causing a decline in gas availability and resulting in depletion of line pack and low pressure in the system.